WTF Chart Of The Day: Russell 2000 Edition
Many have likened the ETF structure of today to the CDO structure of the last bubble as the potential catalyst for accelerating moves in risk markets. If that is the case, then the collapse in the shares outstanding of the massively popular and liquid Russell 2000 ETF IWM will likley make some ask WTF?
This is the largest 2-week plunge in IWM shares outstanding since August 2010 - which marked a 13% collapse in stocks that was saved only by Bernanke's Jackson Hole 'hint' that QE2 was coming...
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